The 11/06/21 Weekend Report Preview

The Dollar

At 23 weeks for the weekly cycle and 10 months for the yearly cycle, the dollar is late in both timing bands for an intermediate and yearly cycle decline.

The dollar printed a bearish reversal on Friday, day 6. A top on day 6 would set the dollar up for a left translated daily cycle formation. Then any bearish follow through could trigger the intermediate and yearly cycle decline. The dollar is currently, in a daily uptrend.  But a close below the lower daily cycle band will end the daily uptrend and begin  a daily downtrend.

Stocks

Stocks continued higher on this week.

The new high on day 24 locks in a right translated daily cycle formation. That aligns with stocks being in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. 

The decline into the ICL stretched the ‘elastic band’ lower. Stocks are delivering bullish follow through on the breakout of the 4545.85 level. This could trigger a melt-up phase. I suspect that a daily cycle decline will back test the breakout level before the we see the melt-up phase.

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The 10/09/21 Weekend Report Preview

The Dollar

The dollar peaked on day 18 and has since consolidated above the breakout from the previous daily cycle high.

Friday was day 24, placing the dollar in its timing band for a DCL. The weekly chart shows us that the dollar is running into resistance at the 200 week MA. A close below the 10 day MA will signal the daily cycle decline. The dollar currently is in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks printed their lowest point on Monday, day 31, placing them in their timing band for a DCL. 

Stocks formed a swing low on Tuesday then closed above the 10 day MA on Thursday to signal the new daily cycle. Stocks should go on to break above the declining trend line as they rally out of the DCL. Stocks are in a daily downtrend. They will remain in their daily downtrend unless they can close back above the upper daily cycle band. 

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker,

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The 9/18/21 Weekend Report Preview

The Dollar

The dollar regained the 50 day MA on Monday then delivered bullish follow through on Thursday and Friday.

The dollar closed above the upper daily cycle band on Friday. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend.

Stocks

Stocks closed below the 50 day MA on Friday.

Closing below the 50 day MA signals the daily cycle decline. The peak on day 10 sets stocks up for a left translated daily cycle formation. A break below the previous DCL of 4367.73 will from a failed daily cycle to confirm the intermediate cycle decline. Stocks are currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and being a daily downtrend.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker.

For subscribers click here.

The 9/10/21 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 25, placing it in its timing band for a DCL.

The dollar formed a swing low on Tuesday then closed above both the 10 day MA and the 50 day MA to confirm the new daily cycle. However the dollar closed below the 50 day MA on Thursday, forming a swing high. The dollar remained contained by the 50 day MA on Friday. If the dollar delivers bearish follow through that would signal the intermediate cycle decline. The dollar is currently in a daily downtrend. Forming a swing high below the upper daily cycle band signals a continuation of the daily downtrend and triggers cycle band sell signal.

Stocks

Stocks closed below the 10 day MA on Wednesday, then delivered bearish follow through Thursday and Friday to signal the daily cycle decline.

The peak on day 10 sets stocks up for a left translated daily cycle formation. At 27 weeks, stocks are deep in their timing band for an intermediate cycle decline. A break below the previous DCL of 4367.73 will form a failed daily cycle to confirm the intermediate cycle decline. Stocks are currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.

The 9/04/21 Weekend Report Preview

The Dollar

The dollar closed below the 50 day MA on Wednesday then delivered bearish follow through Thursday and Friday.

Friday was day 25 for the daily dollar cycle, which places it in its timing band for a DCL. Closing below the 50 day MA signals that the intermediate cycle decline has begun. The dollar also closed below the lower daily cycle band. Closing below the lower daily cycle band ends the daily uptrend and begins a daily downtrend. It is another signal that the intermediate cycle decline has begun. However a failed daily cycle is needed to confirm the intermediate cycle decline. A break below the previous DCL of 91.76 will form a failed daily cycle.

Stocks

Stocks formed a daily swing high on Friday.

At 26 weeks, stocks are due for an intermediate cycle decline. There are bearish divergences developing on the oscillators. With a peak on day 10, if stocks deliver bearish follow through to close below the 10 day MA that would set stocks up for a left translated daily cycle formation. Then a break below the previous daily cycle high of 4480.26 can be used as a hard stop to to avoid a potential ICL decline.

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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The 8/21/21 Weekend Report Preview

The Dollar

The dollar printed a higher daily cycle high on Friday.

Friday was day 15 for the dollar’s daily cycle. A new high on day 15 shifts the odds towards a right translated daily cycle formation. That aligns with the dollar being in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks formed a swing low on Friday. 

Stocks printed their lowest point on Thursday, day 43, to place stocks right in the heart of its timing band for a daily cycle low. A close above the 10 day MA will signal the new daily cycle. Stocks are currently in a daily uptrend. Forming a swing low above the lower daily cycle band indicates that stocks will remain in their daily uptrend and triggers a cycle band buy signal.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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The 8/14/21 Weekend Report Preview

The Dollar

The dollar formed a daily swing high on Friday.

The peak on day 8 sets the dollar up for a potential left translated daily cycle formation. Friday’s swing high closed below the 10 day MA. Any bearish follow through will signal the daily cycle decline. The dollar is currently in a daily uptrend. But a close below the lower daily cycle band will end the daily uptrend and begin a new daily downtrend.

Stocks

Stocks broke bullish out of consolidation the previous Friday and delivered bullish follow through this week.

Friday was day 39, placing stocks in their timing band for a daily cycle decline. At this point, this breakout will likely be given right back as stocks seek out their daily cycle low.

However, there is the potential for stocks to begin a melt-up phase. Therefore the trailing 10 day MA could now be used as the stop.  Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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The 8/07/21 Weekend Report Preview

The Dollar

A bullish reversal formed on day 45 to place the dollar late in its timing band for a daily cycle low.  

The dollar formed a swing low on Wednesday then delivered bullish follow through on Friday. The dollar closed above both the 10 day MA and the upper daily cycle band on Friday to signal a new daily cycle.   Closing above the upper daily cycle band ends the daily downtrend and beings a daily uptrend. 

Stocks

Stocks have been consolidating above the day 17 high until Friday.

Stocks broke bullish out of consolidation on Friday. Friday was day 34, placing stocks in their timing band for a daily cycle decline. At this point, any breakout will likely be given right back as stocks seek out their daily cycle low.

However, there is the potential for stocks to begin a melt-up phase. Therefore stops could be raised to 4429.97. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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Gold Resiliance

Gold is often seen as a hedge against inflation, which is why gold trends to trade inversely to the dollar. However, as we have seen recently, gold is beginning to rally despite the dollar’ s strength.

And even with the dollar having a really big day on Tuesday, gold still managed to rally.

Tuesday was day 33 for the daily dollar cycle. Which places the dollar in its timing band for a daily cycle decline. Gold may be sniffing out a top to the dollar’s daily cycle. Gold may also be sniffing out the top to the dollar’s intermediate (weekly) cycle, as well. I plan to cover the dollar’s intermediate cycle in this week’s Weekend Report. And if the dollar does roll over into an intermediate cycle decline, that should provide the tail wind necessary for gold to break above the dual resistance of the 200 day MA And the 50 day MA to begin a trending move.

The 7/10/21 Weekend Report Preview

The Dollar

The dollar formed a swing high and closed below the 10 day MA to signal the daily cycle decline.

Friday was day 31, placing the dollar in its timing band for a DCL. 2 likely spots for a DCL to form would be at support from the 200 day MA or support from the 50 day MA. The dollar is in a daily uptrend. If the dollar forms a swing low above the lower daily cycle band then the dollar will remain in its daily uptrend and trigger a cycle band buy signal.

Stocks

Stocks formed a swing low on Friday.

Stocks were a bit stretched above the 10 day MA as of Wednesday. Thursday’s dip formed a bullish reversal off of the 10 day MA. Friday’s swing low signals that day 13 was a half cycle low. Once RSI 05 becomes embedded again in overbought, that will indicate that stocks are resuming their intermediate cycle advance. That aligns with stocks being in a daily uptrend. Since Friday’s swing low formed above the upper daily cycle band that indicates that stocks will remain in their daily uptrend and triggers a cycle band buys signal.

Stocks appear to be entering a melt-up phase.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

For subscribers click here.